Brazil May Buy Up to US$18bn of Unpaid Debt

Globo

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Three days after the second round of elections, the Ministry of Finance publishes on Thursday the first call for creditors to inform what they have in old debts of individuals and individual microentrepreneurs (MEIs) who agree to sell to the government within the third version of Desenrolla Brasil.

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Banks will have five working days to present portfolios to the government

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Financial institutions may present up to R $ 90 billion in old debts to be renegotiated in the first stage of Development 3.0, said on Wednesday (21) the Minister of Finance, Dario Durigan. According to him, the call editorial of banks and other institutions will be published on Thursday (21), giving start to the process of enabling banks and funds interested in selling credit portfolios to the Union. Despite the expected volume, the maximum est…

Polêmica Paraíba

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Photo: Maceió's reproduction/prefeitureThe Minister of Finance, Dario Durigan, stated on Wednesday (21) that the first stage of Development 3.0 may bring together up to R$ 90 billion in old debts for renegotiation. The government estimates that it spends up to R$ 9 billion to buy these debts from financial institutions. The editorial for banks and other interested institutions is expected to be [...] The post Development 3.0 can renegotiate up t…

Poder360

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Farm estimates to negotiate up to R$ 90 billion in debts with a minimum discount of 90%; final value will still be defined. Read on Power360.